Will China and the United States compete over cryptocurrencies?
With the fourth anniversary of the last major tightening approaching this month, we expect the next step from Chinese authorities to be a change in their stance, namely a relaxation of restrictions, and the timing seems coincidental as the reason is the US dollar. Or more precisely, an expected flood of cryptocurrencies usdt and usdc and the associated cryptocurrencies. Especially since the Chinese treasury holds huge returns from American funds...
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